A new turnpike theorem for discounted programs
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Publication:1893786
DOI10.1007/BF01212324zbMath0835.90018OpenAlexW2063261778MaRDI QIDQ1893786
Publication date: 13 July 1995
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/bf01212324
Related Items (13)
Endogenous cycles in discrete symmetric multisector optimal growth models ⋮ Strong concavity properties of indirect utility functions in multisector optimal growth models ⋮ A nonsmooth, nonconvex model of optimal growth ⋮ Turnpike theorems for Markov games ⋮ Optimality of impulse harvesting policies ⋮ Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ The stochastic turnpike property without uniformity in convex aggregate growth models ⋮ On the smoothness of optimal paths. II. Some local turnpike results ⋮ Competitive equilibrium cycles with endogenous labor ⋮ The optimal harvesting problem with a land market: a characterization of the asymptotic convergence ⋮ Neighborhood turnpike theorem for continuous-time optimization models ⋮ A uniform neighborhood turnpike theorem and applications
Cites Work
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- Dynamic complexity of optimal paths and discount factors for strongly concave problems
- Ergodic chaos in optimal growth models with low discount rates
- A primal route to the turnpike and Lyapunov stability
- On the Differentiability of the Value Function in Dynamic Models of Economics
- Smoothness, Comparative Dynamics, and the Turnpike Property
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